Yarden Lee Bracero, 39, a former Allstate employee in Jacksonville has been convicted of diverting insurance claims payments for her own personal use, according to Florida Chief Financial Officer Jeff Atwater.
Bracero pleaded guilty to one count of scheme to defraud and three counts of identity theft and was sentenced to a mandatory three years in prison and ordered to pay full restitution, the CFO’s office said.
An investigation by the Department of Financial Services’ Division of Insurance Fraud and the Allstate internal investigation unit revealed that Bracero used her position as a benefits operation analyst to create false claim information and divert funds from individual critical illness insurance policies to her own personal bank accounts, officials said.
They said some of the policies included ones for employees of Home Depot and Wal-Mart. Bracero submitted false claims on the five policies using Allstate claim forms and altered the names on medical diagnosis claim documentation from other valid Allstate policies in support of the scheme, according to officials.
The charges against Bracero were prosecuted by Assistant State Attorney Joe Licandro of the 4th Judicial Circuit in Jacksonville.
Source: Florida Department of Financial Services